The agreement comes as New Delhi moves to diversify export markets to offset the impact of steep tariffs imposed by the United States and instability in shipping and energy routes due to the Iran war.
President Trump ordered the U.S. Navy on Truth Social to 'shoot and kill' any Iranian boats laying mines with 'no hesitation.' This directive comes amid concerns over new mines in the Strait of Hormuz, which could deepen the largest oil supply disruption in history.